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20120901
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in the united states and around the world. there was a recent study out quickly on this by the clearing house association. the first time i have seen this people because talk about the economies that takes the top 26 banks in the united states, and basically says that after a lot of study and research they did, it benefits $50 to $100 billion a year because of these efficiencies. it was natural for it all to happen. second from a public policy perspective, we have to remember that we as a country are trying to compete in a localizing world. we have the best banks in the world. they have certainly had a impact on creating large businesses. why would you want to break all of that up, it makes no sense from a public policy perspective. >> it's important that you bring up the global story. they're obviously not going to compete with the international banks and deutsch banks who will be the large institutions. but let me get your take on what's going on in terms of the masses. time and time again we hear an argument that depositors do not want their money used to take risk. you said they're not to
from the united states and asia as well. the big talk is draghi today. people are happy he did come through with what he said he would. there is a debate on whether it was exactly what we expected or better for the short term, but i really think that is the key. over the short term, people have very, very happy for the ability for stimulus and solve rans and to be able to be accessing this window from the european central bang. longer term is a bigger question. at this point, the next question to ask is who will utilize this program. there is a stigma attached. for example, one leader that i was talking to tonight said to me if spain says we're going to utilize this, it's an admission. italy, again, a stigma astaffed in terms of utilizing that program. people do not expect the italian government to access this right away. they don't think italy is in the same position at spain. spain needs it more, but that stigma is holding back expectations. so the question now is which country will use it, which will use it right away, and if in fact they will, will that be a negative at some poi
allowed to continue to happen, there would be conflicts around the world. do you suggest that the united states should curtail free speech? >> well, i would like to say in this way of where there is free speech, there is a human right. and i started the declaration of human rights but there is limit in exercising human right for all people, all nations. >> are you going to ask president obama to change his policy in any way on free speech? >> i don't think -- i'm not in a position to lecture any leader on this matter because one thing that i believe all leaders can take many lessons from what is happening worldwide, including the last incidents about the -- i incidents of anti-islam films. >> you have investors watching. indonesia, the 16th largest economy in the world. gdp of $850 billion. it's really been one of the bright spots in the emerging markets in this global slowdown and a new mckenzie report is predicting the economy getting to the seventh largest by 2030. what can you tell us in terms of your expectation for economic growth next year and in the coming years? >> well, i am pl
Search Results 0 to 2 of about 3